MongoDB, Inc. $MDB Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its MongoDB stake by 10.3% in the third quarter, bringing its holdings to 156,610 shares valued at approximately $54.6 million. Institutional investors collectively own 89.29% of MongoDB.
• MongoDB reported quarterly EPS of $1.90, beating estimates of $1.62, while revenue rose 30.5% year over year to $771.77 million. The stock opened at $362.24, down from its recent trading levels.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $461.91, despite some target-price reductions. Insiders sold 32,595 shares worth roughly $13.5 million over the past three months.

Robeco Institutional Asset Management B.V. grew its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 156,610 shares of the company's stock after purchasing an additional 14,618 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.19% of MongoDB worth $54,596,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MDB. Bank of America Corp DE lifted its position in MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock worth $135,922,000 after buying an additional 1,852 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in MongoDB by 55.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 549,970 shares of the company's stock worth $134,616,000 after acquiring an additional 195,250 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in MongoDB by 33.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 390,253 shares of the company's stock worth $95,516,000 after acquiring an additional 97,002 shares during the last quarter. Amundi grew its holdings in MongoDB by 17.8% during the 1st quarter. Amundi now owns 376,447 shares of the company's stock worth $92,143,000 after acquiring an additional 56,888 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in MongoDB by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 373,992 shares of the company's stock valued at $91,514,000 after acquiring an additional 11,606 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Stock Down 7.3%

Shares of MDB stock opened at $362.24 on Friday. The firm has a market cap of $29.18 billion, a price-to-earnings ratio of 1,698.91, a PEG ratio of 37.83 and a beta of 1.74. MongoDB, Inc. has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a 50-day moving average price of $388.46 and a 200 day moving average price of $344.67.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company's revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts predict that MongoDB, Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MDB. Monness Crespi & Hardt boosted their target price on shares of MongoDB from $460.00 to $500.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Needham & Company LLC reiterated a "buy" rating and set a $430.00 target price on shares of MongoDB in a research report on Tuesday, October 13th. Rosenblatt Securities increased their price target on shares of MongoDB from $395.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Stifel Nicolaus lowered their price target on shares of MongoDB from $465.00 to $385.00 and set a "buy" rating for the company in a report on Wednesday, September 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $470.00 price objective on shares of MongoDB in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.91.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $375.92, for a total value of $375,920.00. Following the transaction, the director directly owned 28,326 shares of the company's stock, valued at approximately $10,648,309.92. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $377.00, for a total transaction of $377,000.00. Following the completion of the transaction, the director directly owned 448,896 shares in the company, valued at approximately $169,233,792. The trade was a 0.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 32,595 shares of company stock valued at $13,465,211. 2.60% of the stock is currently owned by corporate insiders.

About MongoDB

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.

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